## 



|Reports||
|---|---|
|Referenceandadministrativedetails||
|ofthecharity,itstrusteesandadvisers|1|
|Trustees'report|3|
|Independentauditor'sreport|26|



## 

|Accounts||
|---|---|
|Consolidatedstatementof||
|financialactivities|31|
|Charitystatementoffinancialactivities|32|
|Balancesheets|33|
|Statementofcashflows|34|
|Principalaccountingpolicies|36|
|Notestotheaccounts|44|





|Trustees|RevJamesGerrardBriodySDB|
|---|---|
||RevAnthonyFrancisFernandesSDB|
||RevJamesRobertGardnerSDB|
||RevSajuJohnSDB|
||RevMartinGerardPoulsomSDB|
||RevJakubWojciechRuszniakSDB|
|Custodiantrustee|S.D.B.TrusteesLimited|
|Registeredoffice|SalesianProvincialOffice|
||ThornleighHouse|
||SharpiesPark|
||Bolton|
||BL16PQ|
|Telephone|01204600720|
|Facsimile|01204309874|
|Website|www.salesians.org.uk|
|CharityRegistrationNumbers||
|EnglandandWales|233779|
|Scotland|SC039294|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||London|
||EC2V6DL|
|Bankers|RoyalBankofScotlandplc|
||StAnnSquareBranch|
||StAnnStreet|
||POBox320|
||Manchester|
||M602SS|





|Investmentmanagers|RathbonesInvestmentManagementLimited|
|---|---|
||8FinsburyCircus|
||London|
||EC2M7AZ|
||AberdeenCapital|
||BowBellsHouse|
||1BreadStreet|
||London|
||EC4M9HH|
||CazenoveCapital|
||Schroder&Co.Limited|
||1LondonWallPlace|
||EC2Y5AU|
|Solicitors|AddleshawGoddardLLP|
||OneStPeter'sSquare|
||Manchester|
||M23DE|





## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 



## 

## 



## 

## 



## 

## 

## 

## 



## 

## 



## 

## 



16th July 2022 



## 

## 

## 

## 



## 

## 

## 



## 




26th July 2022 



## 

|||Un-||Total|Un-||Total|
|---|---|---|---|---|---|---|---|
|||restricted|Restricted|funds|restricted|Restricted|funds|
|||funds|funds|2021|funds|funds|2020|
||Notes|||||||
|Income||||||||
|Donationsandlegacies|1|1,707,981|458,567|2,166,548|867,912|497,406|1,365,318|
|Othertradingactivities|2|45,349||45,349|30,192||30,192|
|Investmentincomeandinterest||||||||
|receivable|3|1,271,533||1,271,533|1,161,982||1,161,982|
|Incomefromcharitableactivities|4|8,832,563||8,832,563|9,245,207|17,000|9,262,207|
|Otherincome:||||||||
|.Surplusondisposals|5||||348,273||348,273|
|.CoronavirusJobRetentionScheme||||||||
|andsimilargrants||72,126||72,126|76,701||76,701|
|.Othergovernmentgrants||43,575||43,575||||
|.Foreign exchangegains|||||20,978||20,978|
|.Miscellaneous||7,223||7,223|10,833||10,833|
|Totalincome||11,980,350|458,567|12,438,917|11,762,078|514,406|12,276,484|
|Expenditure||||||||
|Raisingfunds||||||||
|.Investmentmanagementcosts||185,861||185,861|165,415||165,415|
|.Rentalpropertyexpenses||6,027||6,027|10,512||10,512|
|.Interestpayable||2,227||2,227|3,782||3,782|
|Charitableactivities||||||||
|.Donationsandsupportofoverseas||||||||
|missions|6|7,045|275,729|282,774|23,565|725,643|749,208|
|.SalesianCollegeFarnborough|7|7,641,699||7,641,699|7,857,568||7,857,568|
|.SavioHouseRetreatCentre,||||||||
|Bollington|8|438,116||438,116|468,985||468,985|
|.Ministryofthemembersofthe||||||||
|Congregationandtheirsupport|9|2,171,087|-|2,171,087|2,191,502|-|2,191,502|
|.Publicityandpromotion|10|213,640|-|213,640|281,908|-|281,908|
|Otherexpenditure||27,123|-|27,123|8,102|-|8,102|
|Totalexpenditure||10,692,825|275,729|10,968,554|11,011,339|725,643|11,736,982|
|Netincome(expenditure)before||||||||
|netgains(losses)oninvestments||1,287,525|182,838|1,470,363|750,739|(211,237)|539,502|
|Netgains(losses)oninvestments|17|4,191,260||4,191,260|(150,758)||(150,758)|
|Netincome(expenditure)|13|5,478,785|182,838|5,661,623|599,981|(211,237)|388,744|
|Transferbetweenfunds||(318,597)|318,597|||||
|Netmovementinfunds||5,160,188|501,435|5,661,623|599,981|(211,237)|388,744|
|Fundsreconciliation:||||||||
|Balancesbroughtforward||||||||
|at1January2021||65,065,470|841,863|65,907,333|64,465,489|1,053,100|65,518,589|
|Balancescarriedforward||||||||
|at31December2021||70,225,658|1,343,298|71,568,956|65,065,470|841,863|65,907,333|





## 

|||Un-||Total|Un-||Total|
|---|---|---|---|---|---|---|---|
|||restricted|Restricted|funds|restricted|Restricted|funds|
|||funds|funds|2021|funds|funds|2020|
||Notes|£|£|£|£|£|£|
|Income||||||||
|Donationsandlegacies|1|1,724,670|458,567|2,183,237|884,061|497,406|1,381,467|
|Othertradingactivities|2|45,349|-|45,349|30,192|-|30,192|
|Investmentincomeandinterest||||||||
|receivable|3|1,566,090|-|1,566,090|1,424,586|-|1,424,586|
|Incomefromcharitableactivities|4|77,785||77,785|71,384|-|71,384|
|Otherincome:||||||||
|.Surplusondisposals|5|-||-|348,273|-|348,273|
|.CoronavirusJobRetentionScheme||||||||
|andsimilargrants||72,126|-|72,126|76,701|-|76,701|
|.Othergovernmentgrants||43,575||43,575|—|—|—|
|.Foreign exchangegains||—|—|—|20,978|-|20,978|
|Totalincome||3,529,595|458,567|3,988,162|2,856,175|497,406|3,353,581|
|Expenditure||||||||
|Raisingfunds||||||||
|.Investmentmanagementcosts||177,728|-|177,728|159,753|-|159,753|
|.Rentalpropertyexpenses||6,027|-|6,027|10,512|-|10,512|
|.Interestpayable||2,227|—|2,227|3,782|-|3,782|
|Charitableactivities||||||||
|.Donationsandsupportofoverseas||||||||
|missions|6|7,045|275,729|282,774|23,565|725,643|749,208|
|.SalesianCollegeFarnborough|7|47,061|-|47,061|47,061|-|47,061|
|.SavioHouseRetreatCentre,||||||||
|Bollington|8|438,116|-|438,116|468,985|-|468,985|
|.Ministryofthemembersofthe||||||||
|Congregationandtheirsupport|9|2,171,087|-|2,171,087|2,191,502||2,191,502|
|.Publicityandpromotion|10|213,640|-|213,640|281,908||281,908|
|Otherexpenditure||27,123|-|27,123|8,102|-|8,102|
|Totalexpenditure||3,090,054|275,729|3,365,783|3,195,170|725,643|3,920,813|
|Netincome(expenditure)before||||||||
|netgains(losses)oninvestments||439,541|182,838|622,379|(338,995)|(228,237)|(567,232)|
|Netgains(losses)oninvestments|17|4,068,929|-|4,068,929|(206,438)|-|(206,438)|
|Netincome(expenditure)|13|4,508,470|182,838|4,691,308|(545,433)|(228,237)|(773,670)|
|Transferbetweenfunds||(318,597)|<br>318,597|—|—|—|—|
|Netmovementinfunds||4,189,873|501,435|4,691,308|(545,433)|(228,237)|(773,670)|
|Fundsreconciliation:||||||||
|Balancesbroughtforward||||||||
|at1January2021||58,736,234|807,355|59,543,589|59,281,667|1,035,592|60,317,259|
|Balancescarriedforward||||||||
|at31December2021||62,926,107|1,308,790|64,234,897|58,736,234|807,355|59,543,589|





16th July 2022 



## 

|||2021|2020|
|---|---|---|---|
||Notes|£|£|
|Cashflowsfromoperatingactivities:||||
|Netcashprovided(usedin)byoperatingactivities|A|525,562|(467,594)|
|Cashflowsfrominvestingactivities:||||
|Investmentincomeandinterestreceived||1,271,533|1,161,982|
|Proceedsfromthedisposaloftangiblefixedassets||-|400,000|
|Purchaseoftangiblefixedassets||(186,638)|(107,101)|
|Proceedsfromthedisposalofinvestments||19,508,874|7,349,949|
|Purchaseofinvestments||(17,685,254)|(8,765,690)|
|Netcashprovidedbyinvestingactivities||2,908,515|39,140|
|Cashflowsfromfinancingactivities:||||
|Repaymentsofborrowing||(314,849)|(306,847)|
|Netcashusedinfinancingactivities||(314,849)|(306,847)|
|Changeincashandcashequivalentsintheyear||3,119,228|(735,301)|
|Cashandcashequivalentsat1January2021|B|<br>3,590,909|4,326,210|
|Cashandcashequivalentsat31December2021|B|<br>6,710,137|3,590,909|



|Reconciliationofnetmovementinfundstonetcashprovidedby(us|edin)operat|ingactivities|
|---|---|---|
||2021|2020|
||c|£|
|Netmovementinfunds(asperthestatementoffinancialactivities)|5,661,623|388,744|
|Adjustmentsfor:|||
|Depreciationcharge|706,281|712,184|
|(Gains)lossesoninvestments|(4,191,260)|201,118|
|Surplusondisposaloftangiblefixedassets|—|(346,496)|
|Investmentincomeandinterestreceivable|(1,271,533)|(1,161,982)|
|Increaseinstock|(4,446)|(21,343)|
|(Increase)decreaseindebtors|(790,962)|201,312|
|Increase(decrease)increditors|415,859|(441,131)|
|Netcashprovidedby(usedin)operatingactivities|525,562|(467,594)|





## 

## 

||||OtherNon-||
|---|---|---|---|---|
||||cash||
||2020|CashFlows|movements|2021|
||£|£|£|£|
|Cashandcashequivalents|||||
|Cashatbankandinhand|2,986,184|1,668,898|-|4,655,082|
|Cashheldbyinvestmentmanagers|604,725|1,450,330|-|2,055,055|
|Totalcashandcashequivalents|3,590,909|3,119,228||6,710,137|
|Borrowings|||||
|Loansduewithinoneyear|(368,348)|314,849|(111,722)|(165,221)|
|Loansdueaftermorethanoneyear|(111,722)|-|111,722|—|
|Totalborrowings|(480,070)|314,849|-|(165,221)|
|TotalNetDebt|3,110,839|3,434,077|-|6,544,916|





## 

## 



## 

## 

## 



## 



## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



|Donationsandlegacie|s||||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Salariesandpensionsof|||||||
|individualreligiousreceived|||||||
|underGiftAidordeedof|||||||
|covenant|710,273|-|710,273|755,484|-|755,484|
|Legacies|802,863|15,841|818,704|11,095|175,670|186,765|
|Massofferings,stolefees|||||||
|andclergyofferings|58,413|-|58,413|39,340|-|39,340|
|Otherdonations|153,121|442,726|595,847|78,142|321,736|399,878|
|Charitytotal|1,724,670|458,567|2,183,237|884,061|497,406|1,381,467|
|Less:Farnboroughsalaries|(16,689)|-|(16,689)|(16,149)|-|(16,149)|
|Grouptotal|1,707,981|458,567|2,166,548|867,912|497,406|1,365,318|



## 

|Othertradingactivit|ies||||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Publicationsales|45,199|-|45,199|29,984||29,984|
|Otherreceipts|150|-|150|208|-|208|
|Total|45,349|-|45,349|30,192|-|30,192|





## 

## 

|Investmentincomean|dinterestr|eceivable|||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|ListedonUKStock|||||||
|Exchange|||||||
|.UKfixedinterest|149,973||149,973|222,151|-|222,151|
|.UKequities|1,075,527||1,075,527|882,535||882,535|
|.Otherinvestmentincome|770||770|1,075||1,075|
||1,226,270||1,226,270|1,105,761||1,105,761|
|Incomefrominvestment|||||||
|property|||||||
|.Rent|37,251||37,251|42,522||42,522|
|Interestreceivable|||||||
|.Bankinterest|3,287||3,287|12,385||12,385|
|.Cashheldbyinvestment|||||||
|managers|4,725||4,725|1,314||1,314|
||8,012||8,012|13,699||13,699|
|Grouptotal|1,271,533|--|1,271,533|1,161,982||1,161,982|
|Less:Interestreceivedby|||||||
|SalesianCollege|||||||
|FarnboroughLimited|(2,323)||(2,323)|(10,759)||(10,759)|
|Less:Dividendsreceivedby|||||||
|SalesianCollege|||||||
|FarnboroughLimited|(39,262)||(39,262)|(25,506)||(25,506)|
|Add:Interestpaidfrom|||||||
|SalesianCollege|||||||
|FarnboroughLimited|2,459||2,459|4,496||4,496|
|Add:Rentspaidfrom|||||||
|SalesianCollege|||||||
|FarnboroughLimited|333,683||333,683|294,373||294,373|
|Charitytotal|1,566,090||1,566,090|1,424,586||1,424,586|



## 

||Un-||Total|Un-||Total|
|---|---|---|---|---|---|---|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Group|£|£|£|£|£|£|
|SalesianCollege|||||||
|Farnboroughfeesand|||||||
|relatedcharges|8,754,778|-|8,754,778|9,173,823|17,000|9,190,823|
|Retreatcentrecommunity|||||||
|andyouthworkincome|77,785|-|77,785|71,384|-|71,384|
|Total|8,832,563|-|8,832,563|9,245,207|17,000|9,262,207|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Charity|£|£|£|£|£|£|
|Retreatcentrecommunity|||||||
|andyouthworkincome|77,785|-|77,785|71,384|-|71,384|





## 

|Surplusondisposals|||||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Surplusondisposalof|||||||
|tangiblefixedassets—|||||||
|freeholdlandandbuildings|—|—|—|348,273||348,273|
|Groupandcharitytotal|—|—|—|348,273||348,273|
|Donationsandsupport|ofoverseasmissions||||||
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Missionaryworkofthe|||||||
|Congregation|||||||
|abroad||275,729|275,729||725,643|725,643|
|Donationstoother|||||||
|organisations(seebelow)|7,045||7,045|23,565||23,565|
||7,045|275,729|282,774|23,565|725,643|749,208|



## 

|Duringtheyeardonation|scompris|ed:|||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|SavioSalesianCollege|—||—|7,500||7,500|
|SalesianCollegeThornleigh|3,000||3,000|4,050||4,050|
|Otherdonationsunder|||||||
|£1,000|4,045||4,045|2,015||2,015|
|Donationstoindividuals|—||—|10,000|-|10,000|
||7,045||7,045|23,565||23,565|



## 

|SalesianCollegeFarnb|orough||||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Group|£|£|£|£|£|£|
|Teachingcosts|3,778,243||3,778,243|3,693,281||3,693,281|
|Financecosts|9,199||9,199|17,144||17,144|
|Premises|1,110,900|-|1,110,900|1,098,281||1,098,281|
|AdministrationoftheCollege|2,089,650||2,089,650|2,404,081||2,404,081|
|Marketingandpublicity|20,589||20,589|15,806||15,806|
|Bursariesgranted|633,118||633,118|628,975||628,975|
||7,641,699||7,641,699|7,857,568||7,857,568|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Charity|£|£|£|£|£|£|
|Premises|47,061|-|47,061|47,061|-|47,061|





## 

## 

|SavioHouseRetreatC|entre,Bol|lington|||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Staffcosts|164,561|-|164,561|171,152|-|171,152|
|Premises|91,087|-|91,087|132,735|-|132,735|
|Operationalcosts|57,664|-|57,664|45,360|-|45,360|
|Administrationoftheretreat|||||||
|centre|124,804|-|124,804|119,738|-|119,738|
|Groupandcharitytotal|438,116|-|438,116|468,985|-|468,985|



||Un-||Total|Un-||Total|
|---|---|---|---|---|---|---|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Staffcosts|446,889|-|446,889|470,114|-|470,114|
|Members'livingand|||||||
|personalexpenses|619,748|-|619,748|581,213|-|581,213|
|Premises|771,371|-|771,371|785,211|-|785,211|
|Education,trainingand|||||||
|spiritualrenewal|72,636|—|72,636|119,699|-|119,699|
|AllocationofProvincialoffice|||||||
|overheads(note12)|260,443|-|260,443|235,265|-|235,265|
|Groupandcharitytotal|2,171,087|-|2,171,087|2,191,502|-|2,191,502|



## 

|Publicityandpromoti|on:costso|fgoodssol|dandoth|ercosts|||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Publicationandothercosts|213,640|-|213,640|281,908|-|281,908|



## 

|Governancecosts|||||||
|---|---|---|---|---|---|---|
||Un-||Total|Un-||Total|
||restricted|Restricted|funds|restricted|Restricted|funds|
||funds|funds|2021|funds|funds|2020|
|Groupandcharity|£|£|£|£|£|£|
|Auditor'sremuneration|24,100|-|24,100|21,100|-|21,100|





## 

## 

|||Supportof||||
|---|---|---|---|---|---|
|||members||||
||Savio|ofthe||||
||House|Congre-||||
||Retreat|gation|Publicity|||
||Centre,|andtheir|and|Total|Basisof|
||Bollington|ministry|promotion|2021|apportion-|
|Groupandcharity|£|£|£|£|ment|
|Staffcosts|20,893|66,161|6,964|94,018||
|Officerunningcosts|7,870|24,923|2,623|35,416||
|Administration<br>Travellingexpenses|1,766<br>869|5,592<br>2,752|589<br>290|7,947<br>3,911|Per<br>full-time|
|Professionalfees|34,681|109,823|11,560|156,064|equivalent|
|Vehicleleasing|1,417|4,488|472|6,377|employees|
|IrrecoverableVAT|9,393|29,745|3,131|42,269||
|Governancecosts(note11)|5,356|16,959|1,785|24,100||
|Groupandcharitytotal|82,245|260,443|27,414|370,102||



|||Supportof||||
|---|---|---|---|---|---|
|||members||||
||Savio|ofthe||||
||House|Congre-||||
||Retreat|gation|Publicity|||
||Centre,|andtheir|and|Total|Basisof|
||Bollington|ministry|promotion|2020|apportion-|
|Groupandcharity|£|£|£|£|ment|
|Staffcosts|18,724|53,496|8,024|80,244||
|Officerunningcosts|12,673|36,209|5,431|54,313||
|Administration<br>Travellingexpenses|4,450<br>1,788|12,715<br>5,108|1,907<br>766|19,072<br>7,662|Per<br>full-time|
|Professionalfees|25,299|72,282|10,842|108,423|equivalent|
|Vehicleleasing|6,367|18,193|2,729|27,289|employees|
|IrrecoverableVAT|8,118|23,195|3,479|34,792||
|Governancecosts(note11)|4,923|14,067|2,110|21,100||
|Group andcharitytotal|82,342|235,265|35,288|352,895||



## 

|Netincome(expenditure)andnet<br>Thisisstatedaftercharging:|movementinfu|nds|||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||Total|Total|Total|Total|
||2021|2020|2021|2020|
||£|£|£|£|
|Staffcosts(note14)|5,502,961|5,532,729|773,056|867,380|
|Auditor'sandcomponentauditor's|||||
|remuneration|||||
|.Statutoryaudit—groupaccounts|18,600|16,600|18,600|16,600|
|.SalesianCollegeFarnborough|17,824|10,020|5,500|4,500|
|Depreciation|706,281|712,184|408,205|408,205|
|Operatingleaserentals|98,864|67,428|98,864|67,428|





## 

|Staffcostsandtrustees'remuneration|||
|---|---|---|
||2021|2020|
|Group|£|£|
|Staffcostsduringtheyearwereasfollows:|||
|Wagesandsalaries|4,335,418|4,386,197|
|Socialsecuritycosts|435,601|426,877|
|Otherpensioncosts|731,942|719,655|
||5,502,961|5,532,729|
||2021|2020|
|Group|£|£|
|Staffcostsperfunctionwereasfollows:|||
|Publicityandpromotion|65,739|79,828|
|Youthwork|1,849|66,042|
|SalesianCollegeFarnborough|4,729,905|4,665,349|
|SavioHouseRetreatCentre,Bollington|164,561|171,152|
|SupportofthemembersoftheCongregationandtheirministry|446,889|470,114|
|Support(note12)|94,018|80,244|
||5,502,961|5,532,729|
||2021|2020|
|Charity|£|£|
|Staffcostsduringtheyearwereasfollows:|||
|Wagesandsalaries|676,032|768,111|
|Socialsecuritycosts|63,946|63,946|
|Otherpensioncosts|33,078|35,323|
||773,056|867,380|
||2021|2020|
|Charity|£|£|
|Staffcostsperfunctionwereasfollows:|||
|Publicityandpromotion|65,739|79,828|
|Youthwork|1,849|66,042|
|SavioHouseRetreatCentre,Bollington|164,561|171,152|
|SupportofthemembersoftheCongregationandtheirministry|446,889|470,114|
|Support(note12)|94,018|80,244|
||773,056|867,380|



|Groupandcharity|2021|2020|
|---|---|---|
|£60,000to£69,999|1|-|
|£70,000to£79,999|2|2|
|£80,000to£89,999|1|1|
|£90,000to£99,999|-|1|
|£100,000to£109,999|1|-|





## 

|Theaveragenumberofemployeesd|uringtheyearwasa|sfollows:|||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
|Publicationsandpromotion|2|3|2|3|
|Provisionofeducation|100|100|—||
|RetreatCentre|6|7|6|7|
|Supportofthemembersofthe<br>Congregation|25|27|25|27|
||133|137|33|37|



## 



## 

## 

|Tangiblefixedassets|||||
|---|---|---|---|---|
||Freehold|Computers|||
||landand|and|Motor||
||buildings|equipment|vehicles|Total|
|Group|£|£|£|£|
|Costorvaluation|||||
|At1January2021|31,350,059|2,350,339|144,415|33,844,813|
|Additions|(9,026)|195,664|-|186,638|
|Disposals|—|—|(13,101)|(13,101)|
|At31December2021|31,341,033|2,546,003|131,314|34,018,350|
|Atcost|22,185,680|2,546,003|131,314|24,862,997|
|Atdeemedcost|9,155,353|-|-|9,155,353|
||31,341,033|2,546,003|131,314|34,018,350|
|Depreciation|||||
|At1January2021|5,874,528|2,017,102|143,182|8,034,812|
|Chargeforyear|591,113|113,935|1,233|706,281|
|Eliminatedondisposals|-||(13,101)|(13,101)|
|At31December2021|6,465,641|2,131,037|131,314|8,727,992|
|Netbookvalues|||||
|At31December2021|24,875,392|414,966|-|25,290,358|
|At31December2020|25,475,531|333,237|1,233|25,810,001|



||Freehold|
|---|---|
||landand|
||buildings|
|Charity|£|
|Costorvaluation||
|At1January2021and31December2021|25,513,231|
|Atcost|16,357,878|
|Atdeemedcost|9,155,353|
||25,513,231|
|Depreciation||
|At1January2021|4,658,218|
|Chargeforyear|408,205|
|Eliminatedondisposals|-|
|At31December2021|5,066,423|
|Netbookvalues||
|At31December2021|20,446,808|
|At31December2020|20,855,013|



## 



## 

## 

|At31December2021investmentscomprised:|||
|---|---|---|
||2021|2020|
|Groupandcharity|£|£|
|Freeholdinvestmentproperty(seea.below)|2,325,000|2,325,000|
|Listedinvestmentsandcashheldforre-investment(seeb.below)|||
|.InvestecWealth&InvestmentLimited|416,184|8,376,938|
|.AberdeenCapitalLimited|8,659,491||
|.BrewinDolphinLimited||8,659,708|
|.CazenoveCapital|9,406,069||
|RathboneInvestmentManagementLimited(charity)|20,600,067|18,380,979|
|.RathboneInvestmentManagementLimited(Salesian College|||
|FarnboroughLimited))|1,028,980|875,196|
||40,110,791|36,292,821|
|Grouptotal|42,435,791|38,617,821|
|Less:RathboneInvestmentManagementLimited(SalesianCollege|||
|FarnboroughLimited)|(1,028,980)|(875,196)|
|Charitytotal|41,406,811|37,742,625|



## 

|a.<br>Freeholdinvestmentproperty|||
|---|---|---|
||2021|2020|
|Groupandcharity|||
|Marketvalueat1January2021and31December2021|2,325,000|2,325,000|





## 

## 

|b.Listedinvestments|||
|---|---|---|
||2021|2020|
|Groupandcharity|£|£|
|Listedinvestments(InvestecWealth&InvestmentLimited)|||
|Marketvalueat1January2021|8,274,319|8,643,656|
|Additionsatcost|508,215|2,642,128|
|Disposalsatopeningbookvalue(realisegainsof£151,743)|(1,877,994)|(2,900,053)|
|Netunrealisedinvestmentlosses|—|(111,412)|
|InvestmentstransferredtoAberdeenCapitalLimited|(6,904,540)|—|
|Marketvalueat31December2021|-|8,274,319|
|Cashheldinshorttermdepositsandbyinvestmentmanagers|416,184|102,619|
||416,184|8,376,938|
|Costoflistedinvestmentsat31December2021||7,402,028|



||2021|2020|
|---|---|---|
|Groupandcharity|£|£|
|Listedinvestments(AberdeenCapitalLimited)|||
|Marketvalueat1January2021|—||
|InvestmentstransferredfromInvestecWealth&InvestmentLimited|6,904,540||
|Additionsatcost|4,833,413||
|Disposalsatopeningbookvalue(realisedgainsof£303,257)|(3,793,445)||
|Netunrealisedinvestmentgains|377,174||
|Marketvalueat31December2021|8,321,682||
|Cashheldinshorttermdepositsandbyinvestmentmanagers|337,809||
||8,659,491||
|Costoflistedinvestmentsat31December2021|7,754,085||



||2021|2020|
|---|---|---|
|Groupandcharity|£|£|
|Listedinvestments(BrewinDolphinLimited)|||
|Marketvalueat1January2021|8,535,839|7,521,058|
|Additionsatcost|1,483,201|2,704,224|
|Disposalsatopeningbookvalue(realisedgainsof£202,693)|(4,272,780)|(1,575,991)|
|Netunrealisedinvestmentlosses|-|(113,452)|
|InvestmentstransferredtoCazenoveCapital|(5,746,260)|—|
|Marketvalueat31December2021|-|8,535,839|
|Cashheldinshorttermdepositsandbyinvestmentmanagers||123,869|
||-|8,659,708|
|Costoflistedinvestmentsat31December2021|—|7,732,045|





## 

## 

|b.Listedinvestments(continued)|||
|---|---|---|
||2021|2020|
|Groupandcharity|||
|Listedinvestments(CazenoveCapital)|||
|Marketvalueat1January2021|||
|InvestmentstransferredfromBrewinDolphinLimited|5,746,260||
|Additionsatcost|8,353,393||
|Disposalsatopeningbookvalue(realisedgainsof£521,966)|(5,099,414)||
|Netunrealisedinvestmentgains|167,584||
|Marketvalueat31December2021|9,167,823||
|Cashheldinshorttermdepositsandbyinvestmentmanagers|238,246||
||9,406,069||
|Costoflistedinvestmentsat31December2021|8,967,469||
||2021|2020|
|Groupandcharity|£|£|
|Listedinvestments(RathbonesInvestmentManagementLimited|||
|(charity))|||
|Marketvalueat1January2021|18,014,801|17,508,759|
|Additions|2,482,745|3,263,503|
|Disposalsatopeningbookvalue(realisedgainsof£222,735)|(3,062,847)|(2,553,154)|
|Netunrealisedinvestmentgains(losses)|2,121,777|(204,307)|
|Marketvalueat31December2021|19,556,476|18,014,801|
|Cashheldinshorttermdepositsandbyinvestmentmanagers|1,043,591|366,178|
||20,600,067|18,380,979|
|Costoflistedinvestmentsat31December2021|13,675,103|13,723,846|
||2021|2020|
|Group|£|£|
|Listedinvestments(RathbonesInvestmentManagementLimited|||
|(SalesianCollegeFarnboroughLimited))|||
|Marketvalueat1January2021|863,137|800,000|
|Additions|24,287|155,835|
|Disposalsatopeningbookvalue(realisedlossesof£nil)||(99,305)|
|Netunrealisedinvestmentgains|122,331|6,607|
|Marketvalueat31December2021|1,009,755|863,137|
|Cashheldinshorttermdepositsandbyinvestmentmanagers|19,225|12,059|
||1,028,980|875,196|
|Costoflistedinvestmentsat31December2021|854,584|825,185|





## 

## 

## 

||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||`£`|<br>`£`|<br>`£`|<br>`£`|
|UKequities|19,481,250|16,389,360|18,995,370|15,981,817|
|UKfixedintereststocks|2,832,107|3,834,792|2,731,069|3,749,416|
|Overseasequities|10,732,097|11,507,741|10,398,586|11,270,457|
|Overseasfixedintereststocks|586,727|1,395,816|586,727|1,359,294|
|Alternatives|4,423,555|2,560,387|4,334,229|2,463,974|
||38,055,736|35,688,096|37,045,981|34,824,958|



|Debtors:amountsreceivableaftero|neyear||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
||`£`|`£`|`£`|`£`|
|AmountduefromtheRomanCatholic|||||
|ParishofBattersea||11,520||11,520|
|Debtors:amountsreceivablewithin|oneyear||||
||Group||Charity||
||2021|2020|2021|2020|
||`£`|`£`|`£`|`£`|
|Educationfeesreceivable|17,030|40,459|-|-|
|Sundrydebtors|33,678|76,631|31,320|73,872|
|Prepayments|458,701|146,342|—|—|
|Legaciesreceivable|556,505|-|556,505|—|
|LoantoSalesianCollegeFarnborough|||||
|Limited(seebelow)|—||52,500|105,000|
||1,065,914|263,432|640,325|178,872|



## 



## 

## 

## 

|Creditors:amountsfallingduewithin|oneyear|oneyear|||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
||`£`|`£`|`£`|`£`|
|Educationfeespaidinadvance|619,481|465,158|—|—|
|Bankoverdraftsandloans|111,721|262,348|—|—|
|Expensecreditors|329,793|146,319|3,568|8,184|
|Taxationandsocialsecurity|95,814|97,069|—|—|
|Loaninrespecttodevelopmentoffacilities|||||
|atSalesianCollege,Farnborough(see(a)|||||
|below)|52,500|105,000|52,500|105,000|
|Loaninrespecttodevelopmentofthe|||||
|communityhouse,Battersea(see(b)|||||
|below)|1,000|1,000|1,000|1,000|
|Hirepurchaseobligations|19,414|—|—|—|
|Othercreditors|334,352|139,392|—|—|
|Accruals|175,253|250,426|89,338|248,073|
||1,739,328|1,466,712|146,406|362,257|





## 

## 

|Creditors:amountsfallingdueaf|teroneyear||||
|---|---|---|---|---|
||Group||Charity||
||2021|2020|2021|2020|
||£|£|£|£|
|Educationfeespaidinadvance|179,800|299,475|—|—|
|Bankoverdraftsandloans|-|111,722|—|—|
|Hirepurchaseobligations|70,621|—|—|—|
|Othercreditors|-|10,830|-|-|
||250,421|422,027|||



## 

||At1||||At31|
|---|---|---|---|---|---|
||January||||December|
||2021|Income|Expenditure|Transfers|2021|
||£|£|£|£|£|
|Overseasfunds|216,822|408,725|(225,970)|326,993|726,570|
|Bursaryfunds|34,508|-|-|-|34,508|
|Developmentfunds|36,340|47,342|(49,759)||33,923|
|Legacyfund|554,193|2,500|-|(8,396)|548,297|
|GroupTotal|841,863|458,567|(275,729)|318,597|1,343,298|
|LessBursaryFunds||||||
|FarnboroughCollege|(34,508)|-|-|-|(34,508)|
|Charitytotal|807,355|458,567|(275,729)|318,597|1,308,790|
||At1||||At31|
||January||||December|
||2020|Income|Expenditure|Transfers|2020|
||£|£|£|£|£|
|Overseasfunds|550,533|331,792|(665,503)||216,822|
|Bursaryfunds|17,508|17,000|-||34,508|
|Developmentfunds|34,480|60,462|(58,602)||36,340|
|Legacyfund|450,579|105,152|(1,538)||554,193|
|GroupTotal|1,053,100|514,406|(725,643)|--|841,863|
|LessBursaryFunds||||||
|FarnboroughCollege|(17,508)|(17,000)|-|-|(34,508)|
|Charitytotal|1,035,592|497,406|(725,643)|-|807,355|



## 



## 

## 

## 

## 

## 

## 

|Designatedfunds|||||
|---|---|---|---|---|
||At1|||At31|
||January|||December|
||2021|Withdrawals|Designations|2021|
||£|£|£|£|
|Ministryofthemembersofthe|||||
|Congregationandtheirsupportand|||||
|retirementfund|15,000,000||-|15,000,000|
|SavioHousesupportfund|10,000,000||-|10,000,000|
|Youthministryfund|5,000,000|-|-|5,000,000|
|SalesianCollegeFarnboroughfund|6,329,236|8,925,917|(7,955,602)|7,299,551|
|Grouptotal|36,329,236|8,925,917|(7,955,602)|37,299,551|
|Less:SalesianCollegeFarnboroughfund|(6,329,236)|(8,925,917)|7,955,602|(7,299,551)|
|Charitytotal|30,000,000|||30,000,000|
||At1|||At31|
||January|||December|
||2020|Withdrawals|Designations|<br>2020|
||£|£|£|£|
|Ministryofthemembersofthe|||||
|Congregationandtheirsupportand|||||
|retirementfund|15,000,000|-||15,000,000|
|SavioHousesupport fund|10,000,000|-||10,000,000|
|Youthministryfund|5,000,000|-|-|5,000,000|
|SalesianCollegeFarnboroughfund|5,183,822|(8,131,187)|9,276,601|6,329,236|
|Grouptotal|35,183,822|(8,131,187)|9,276,601|36,329,236|
|Less:SalesianCollegeFarnboroughfund|(5,183,822)|8,131,187|(9,276,601)|(6,329,236)|
|Charitytotal|30,000,000|||30,000,000|





## 

## 

## 

## 

## 

## 



## 

## 

|Tangiblefixedassetsfund|||
|---|---|---|
||Total|Total|
||2021|2020|
|Groupandcharity|`£`|<br>`£`|
|At1January2021|20,855,013|21,231,251|
|Netmovementinyear|(408,205)|(376,238)|
|At31December2021|20,446,808|20,855,013|



## 

|Analysisofnetassetsb|etweenfunds|||||
|---|---|---|---|---|---|
|||Tangible||||
|||fixed||||
||General|assets|Designated|Restricted|Total|
||fund|fund|funds|funds|2021|
|Group|`£`|`£`|<br>`£`|`£`|`£`|
|Fundbalancesat31||||||
|December 2021are||||||
|representedby:||||||
|Tangiblefixedassets|-|20,446,808|4,843,550|-|25,290,358|
|Investments|11,406,811|-|31,028,980|-|42,435,791|
|Netcurrentassets|1,072,488|-|1,677,442|1,343,298|4,093,228|
|Creditors:amountsfalling||||||
|dueafteroneyear|||(250,421)||(250,421)|
|Totalnetassets|12,479,299|20,446,808|37,299,551|1,343,298|71,568,956|
|||Tangible||||
|||fixed||||
||General|assets|Designated|Restricted|Total|
||fund|fund|funds|funds|2020|
|Group|`£`|`£`|<br>`£`|`£`|`£`|
|Fundbalancesat31||||||
|December2020are||||||
|representedby:||||||
|Tangiblefixedassets|—|20,855,013|4,954,988|-|25,810,001|
|Investments|7,742,625|-|30,875,196|-|38,617,821|
|Netcurrentassets|138,596||921,079|841,863|1,901,538|
|Creditors:amountsfalling||||||
|dueafteroneyear|||(422,027)|—|(422,027)|
|Totalnetassets|7,881,221|20,855,013|36,329,236|841,863|65,907,333|





## 

## 

|Analysisofnetassets|betweenfunds|(continued)||||
|---|---|---|---|---|---|
|||Tangible||||
|||fixed||||
||General|assets|Designated|Restricted|Total|
||fund|fund|funds|funds|2021|
|Charity|£|£|£|£|£|
|Fundbalancesat31||||||
|December2021are||||||
|representedby:||||||
|Tangiblefixedassets|-|20,446,808|-|-|20,446,808|
|Investments|11,406,811|-|30,000,000|-|41,406,811|
|Netcurrentassets|1,072,488|-|-|1,308,790|2,381,278|
|Totalnetassets|12,479,299|20,446,808|30,000,000|1,308,790|64,234,897|



|||Tangible||||
|---|---|---|---|---|---|
|||fixed||||
||General|assets|Designated|Restricted|Total|
||fund|fund|funds|funds|2020|
|Charity|£|£|£|£|£|
|Fundbalancesat31||||||
|December2020are||||||
|representedby:||||||
|Tangiblefixedassets|—|20,855,013|-||20,855,013|
|Investments|7,742,625|-|30,000,000|-|37,742,625|
|Netcurrentassets|138,596|-|-|807,355|945,951|
|Totalnetassets|7,881,221|20,855,013|30,000,000|807,355|59,543,589|



|Thetotalunrealisedgains(losses)asat31December2021c<br>revaluationandareasfollows:|onstitutesmo|vementson|
|---|---|---|
||2021|2020|
|Groupandcharity|£|£|
|Unrealisedgainsincludedabove:|||
|Ontangiblefixed assets*|7,322,276|7,184,842|
|Oninvestmentproperties*|2,325,000|2,325,000|
|Onlistedinvestments|6,804,495|5,967,040|
|Totalunrealisedgainsat31December2021|16,451,771|15,476,882|
|Reconciliationofmovementsinunrealisedgains|||
|Unrealisedgainsat1January2021|15,476,882|16,032,907|
|Differencebetweenhistoricalcostrealisedgains/lossesonlisted|||
|investmentsandtheactualrealisedgains/lossesthereoncalculatedon|||
|therevaluedamounts|(1,951,411)|(6,607)|
|Unrealisedgains(losses)onlistedinvestmentsarisingintheyear|2,788,866|(422,564)|
|Differencebetweenthedepreciationchargebasedonhistoriccostand|||
|thatbasedonthedeemedcost|137,434|(126,854)|
|Totalunrealisedgainsat31December2021|16,451,771|15,476,882|





## 

## 

||31|31|
|---|---|---|
||December|December|
||2021|2020|
||`£`|`£`|
|Summarybalancesheet|||
|Tangiblefixedassets|4,843,550|4,954,988|
|Investments|1,029,980|875,193|
|Debtors|478,089|273,725|
|Cashatbankandinhand|2,879,283|1,975,482|
|Creditors:amountsfallingduewithinoneyear|(1,571,829)|(1,220,355)|
|Creditors:amountsfallingdueaftermorethanoneyear|(250,421)|(422,027)|
|Netassetsandtotalfunds|7,408,652|6,437,006|
||Year|Year|
||ended31|ended31|
||December|December|
||2021|2020|
||`£`|`£`|
|Summaryofthestatementoffinancialactivities|||
|Totalincome|8,926,247|9,287,608|
|Totalexpenditure|(7,955,601)|(8,125,525)|
|Netmovementinfunds|970,646|1,162,083|
|Fundbalancesbroughtforwardat1January2021|6,437,006|5,274,923|
|Fundbalances carriedforwardat31December2021|7,407,652|6,437,006|



## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

|At31December2021thegroupandcharityhad<br>financeleasesasfollows:|totalcommitmentsunderno|n-cancellable|
|---|---|---|
||Computer|Equipment|
||2021|2020|
|Group|£|£|
|Operatingleasecommitments:|||
|Withinoneyear|19,414||
|Withintwotofiveyears|70,621||
||90,035||



## 

|At31December2021thegroupandcharityha<br>operatingleasesasfollows:|dtotalcommitmentsundernon-cancellable|dtotalcommitmentsundernon-cancellable|
|---|---|---|
||Motorvehiclesandother||
||2021|2020|
|Group|`£`|`£`|
|Operatingleasecommitments:|||
|Withinoneyear|119,768|156,673|
|Withintwotofiveyears|116,477|170,654|
||236,245|327,327|
||Motorvehicles||
||2021|2020|
|Charity|`£`|`£`|
|Operatingleasecommitments:|||
|Withinoneyear|68,154|68,154|
|Withintwotofiveyears|38,025|106,179|
||106,179|174,333|



## 

## 



## 

## 

##